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Potosi, Bolivia, cob 8 reales, Philip II, assayer C below erased B (2nd period), rare, NGC XF 45, fi

Currency:USD Category:Coins & Paper Money / Cobs - Potosi Silver Start Price:800.00 USD Estimated At:1,000.00 - 1,500.00 USD
Potosi, Bolivia, cob 8 reales, Philip II, assayer C below erased B (2nd period), rare, NGC XF 45, fi
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This item SOLD at 2021 Nov 04 @ 17:50UTC-4 : AST/EDT
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Potosi, Bolivia, cob 8 reales, Philip II, assayer C below erased B (2nd period), rare, NGC XF 45, finest and only example in NGC census. S-P5; KM-5.1; Cal-671. 27.68 grams. Typically broad flan with full but partially flat legends including PHILIPPVS, full crown, bold full cross-lions-castles, and well-detailed full shield, all with toning around details, but best feature is the CLEAR assayer B in the erasure above assayer C, the erasure also with a right-angle component at bottom left that makes it look like B/L (which it could be, but more likely the B punch itself was crafted from an S and an L). In any case, the 8R of assayer C is a famously rare and important issue that Sellschopp erroneously attributed to La Plata before it was known that Rincon was the first assayer of Potosi. NGC #6271298-004. Pedigreed to the Jorge Ugaz collection.